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Equity Lifestyle Properties ELS Q3 2025 earnings

Reported October 22, 2025 · After market close

Revenue$373.4MMiss by $10.1MDiluted EPS$0.75Beat by $0.29
Revenue estimate$383.5M
EPS estimate$0.46

Next report

Jul 22, 2026 (In 6 days)
Revenue estimate$383.7M
EPS estimate$0.43

Financials

Q3 2025

Income statement

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Revenue$393.3M+1.6%
Operating income$98.6M+19.1%
Net income$100.4M+15.5%
EPS (diluted)$0.50+13.6%

Balance sheet

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Cash & equivalents$39.3M-2.7%
Total debt$24.7M-10.6%
Total equity$1.8B+23.0%
Total assets$5.7B+1.8%

Cash flow

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Operating cash flow$147.0M-1.7%
CapEx$71.3M+22.0%
Free cash flow$75.7M-16.9%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$11.76B-11.5%
Enterprise value$11.75B-11.5%
P/E29.5×-5.4×
P/S7.7×-1.1×

Profitability

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Operating margin25.7%+1.7pp
Net margin26.1%+0.9pp
FCF margin21.9%-1.8pp

Returns & leverage

See full
Return on equity25.1%-1.6pp
Debt / equity0×0.0×

Segments

By product

See full
Annual membership subscriptions$17.9M+6.9%
Gross revenues from ancillary services$13.3M-4.3%
Home sales and brokered resales$11.6M-31.4%
Membership upgrade revenue$3.1M-25.2%

By segment

See full
Property Operations$373.3M+3.0%
Home Sales and Rentals Operations$15.2M-25.1%

Versus estimates

Revenue

Q1 2026$397.6MBeat by $1.9MQ4 2025$373.9MMiss by $8.4M
Q3 2025$373.4MMiss by $10.1M
Q2 2025$372.6MMiss by $20.5MQ1 2025$367.5MMiss by $25.4MQ4 2024$341.5MMiss by $27.8M

Diluted EPS

Q1 2026$0.84Beat by $0.29Q4 2025$0.79Beat by $0.25
Q3 2025$0.75Beat by $0.29
Q2 2025$0.69Beat by $0.28Q1 2025$0.83Beat by $0.28Q4 2024$0.76Beat by $0.28

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Questions, answered.

When did Equity Lifestyle Properties report Q3 2025 earnings?
Equity Lifestyle Properties (ELS) reported Q3 2025 earnings on October 22, 2025 after market close.
What were Equity Lifestyle Properties's Q3 2025 revenue and EPS?
Equity Lifestyle Properties reported revenue of $373.4M and diluted EPS of $0.75 for Q3 2025.
Did Equity Lifestyle Properties beat estimates in Q3 2025?
Revenue missed the consensus estimate of $383.5M by $10.1M. EPS beat the consensus estimate of $0.46 by $0.29.
How did Equity Lifestyle Properties's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.1% from $389.2M a year earlier and diluted EPS grew 4.2% from $0.72.
Where can I find Equity Lifestyle Properties's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-046869) directly on SEC EDGAR. The filing index links above go to sec.gov.